NZ Herald Afternoon News Update | Amazon's New Zealand-based data centres went live today, and nurses went on strike for the first of two planned days this week.
Hallenstein Glasson’s group chief executive has resigned.
The company posted an announcement to the NZX from its chairman on Tuesday afternoon, saying Chris Kinraid would step down effective from Friday.
“The board...has received, with sincere regret, the resignation of its group chief executive,” chairman Warren Bell said.
“Chris’ extensive background and senior-level experience across listed retail environments has been instrumental in delivering strong growth in revenue and earnings during a challenging economic environment.
“As a result, he is leaving the group in a very strong position.
“The board expresses its appreciation of Chris and his significant contribution to both Hallensteins and Glassons and wishes him all the best for the future.”
Kinraid was appointed chief executive of Hallenstein Glasson in July 2023.
Kinraid said at the time there was a continued focus on operating cost efficiency across the group, given the difficult trading environment.
Raphael Franks is an Auckland-based reporter who covers business, breaking news and local stories from Tāmaki Makaurau. He joined the Herald as a Te Rito cadet in 2022.
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